It has been 35 years since California voters overwhelmingly approved Proposition 13, a measure that, as Governor Jerry Brown put it in 2011, “started the centralization of power” in the state. He should know because he was also governor in 1978 and helped oversee that shift. At the time, Californians were enraged that their...
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Latest op-eds
Bloomberg View: Jerry Brown’s Last Chance to Save California
Bloomberg View: California’s New Taxes Are Paying for Pensions
What if a corporation raised $500 million in a securities offering on the premise that the proceeds would go for operating expenses, then disclosed a few months later that $300 million of this amount would instead be used to service a debt that wasn’t...
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Bloomberg View: California, A High-Revenue, Low-Services State
California Governor Jerry Brown has received praise for proposing a balanced state budget for the fiscal year starting July 1. The last time California proposed a balanced budget was in 2007, when Arnold Schwarzenegger was governor. A recent report by California Common Sense, a...
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